Southwestern Energy ( (SWN) ) has issued an update.
Chesapeake Energy Corporation has successfully completed its merger with Southwestern Energy Company, leading to the creation of Expand Energy Corporation, now the largest independent natural gas producer in the United States. With the merger, Southwestern’s previous financial commitments have been settled, including the termination of their credit agreement and the delisting of their stock from the NYSE. The newly formed Expand Energy will begin trading on the NASDAQ under the ticker “EXE.” The merger is expected to bring about significant synergies, enhance margins, and expand market reach, thereby reducing energy costs and increasing shareholder value. The company is also poised to deliver a sustainable and affordable energy future while maintaining a focus on operational efficiency and financial strength.
For detailed information about SWN stock, go to TipRanks’ Stock Analysis page.
